Bühler completes acquisition of Haas

Swiss manufacturer of flour production plants Bühler has completed the acquisition of Austria-based confectionary production systems producer Haas for an undisclosed price.

The deal is reported to have completed after receiving approvals from the relevant anti-trust authorities.

The acquisition has allowed the Swiss firm to complete its consumer foods product portfolio.

Bühler CEO Stefan Scheiber said: “This means we are opening a new chapter in the Consumer Food market, and we feel confirmed by the broad approval that we have received from many customers and employees.

Based in Vienna, Austria, Haas has been in the manufacturing business of production systems for making wafers, hard and soft cookies, ice cones, cakes, and bakery products.

Haas operates its own production sites in six countries with a workforce of 1,750 employees and generates annual sales of about €300m.

Scheiber further added: “Though we also offer food processing technologies and often have the same customers, our products and services do not overlap in any way – this means, we complement each other ideally.”

With the completion of the deal, Bühler will now make its global network of service stations accessible to the customers of Haas and will focus on the development of solutions for producing wafers, cookies, and confectionary products with chocolate.